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Oil declines on oversupply fears

(Reuters) -Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world’s top two oil consumers, even as President Donald Trump said he expected to reach a trade deal. Brent crude futures ...
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US banks hunting for collateral to back $20 billion Argentina bailout, WSJ reports

(Reuters) -A group of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department ...
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Yen on guard ahead of parliament vote for next prime minister

By Rae Wee SINGAPORE (Reuters) -The yen held steady on Tuesday, ahead of a parliament vote in Japan later in the day that is almost certain to see hardline conservative Sanae Takaichi become the country’s first female prime minister. Currencies were mostly rangebound in the early ...
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Asian stocks surge as trade tensions ease, Nikkei hits record

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose on Tuesday as the prospect of easing trade tensions between the world’s top two economies boosted risk sentiment, while the near-certainty of Sanae Takaichi becoming Japan’s next prime minister sent the Nikkei to a record high. ...
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Maersk tests Brazilian ethanol mix to make cleaner maritime fuel

By Roberto Samora SAO PAULO (Reuters) -Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel – known as “bunker” – for its vessel engines as part of its efforts to further decarbonize operations, the company announced on Monday. WHY ...
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Trump administration weighing Fannie, Freddie offering as soon as end-2025, FHFA director says

(Reuters) -U.S. President Donald Trump’s administration is “opportunistically evaluating” a public offering for Fannie Mae and Freddie Mac, possibly as soon as end-2025, Federal Housing Finance Agency (FHFA) Director William Pulte said on Monday.”President Trump made the right decision not to take Freddie and ...
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BHP’s iron ore production misses estimates on hit from maintenance works

(Reuters) -BHP Group’s first-quarter iron ore output came in a little lower than estimates on Tuesday, as planned maintenance, including rebuilding of a piece of equipment at Port Hedland, weighed on production at its Western Australian operations. The world’s largest listed miner said iron ore ...
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One Tech Tip: How to prepare for outages that impact our online lives, from banking to chatting apps

NEW YORK (AP) — A major Amazon Web Services outage disrupted scores of online platforms on Monday — leaving people around the world unable to access some banks, chatting apps, online food ordering and more. History shows these kinds of system outages can be short-lived, ...
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What to know about the Amazon cloud outage that exposed the internet’s vulnerable backbone

A massive internet outage stemming from errors in Amazon cloud services on Monday morning demonstrated just how many people rely on the corporate behemoth’s computational infrastructure everyday — and laid bare the vulnerabilities of an increasingly concentrated system. But despite its omnipresence, most users ...
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Cards Against Humanity and Elon Musk’s SpaceX reach settlement over alleged trespassing in Texas

SpaceX has settled a lawsuit filed by the maker of the popular party game Cards Against Humanity over accusations that Elon Musk’s rocket company trespassed and damaged a plot of land the card company owns in Texas. Texas court records show a settlement was ...
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Disney+ and Hulu cancellations rose after ABC briefly pulled ‘Jimmy Kimmel Live!’

NEW YORK (AP) — Disney+ and Hulu subscription cancellations rose during the month that ABC briefly cancelled “Jimmy Kimmel Live!, ” according to data from subscription analytics company Antenna. Walt Disney Co. owns the streaming platforms and ABC. ABC pulled the show off the air ...
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Investor behind Zions, Western Alliance bad loans is tied to $270 million in troubled debt

By Douglas Gillison, Saeed Azhar, Anirban Sen and Chris Prentice WASHINGTON/NEW YORK (Reuters) – A little-known California real estate investor behind bad loans disclosed by Zions Bancorp and Western Alliance also faces lawsuits by Banc of California and two other lenders, ...
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